Saturday, 30 April 2011
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Gold rockets to nearly $1,570 as dollar sags
(AFP) NEW YORK � Gold rocketed to almost $1,570 an ounce Friday, setting a new dollar-price record as its unabated rise was propelled by extremely low interest rates and the dollar's weakness. With London trading shut down for the royal wedding, in afternoon New York trade gold struck $1,569.32 an ounce before sliding back to around $1,565. Just nine days ago it passed the once-unimagined
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